Fact sheet: Man GLG European Alpha Alt

Fund information
Fund name
Man GLG European Alpha Alternative IN H GBP
Fund manager company
GLG Partners LP
Fund type
No data available.
Fund managers
  • Philippe Isvysince 30/06/2009
  • Pierre Valadesince 30/06/2009
Fund objective
Man GLG European Alpha Alternative (the “Fund”) seeks to provide a positive absolute return for investors primarily through long and short investments in equities and equity derivatives. The Fund will invest in securities of issuers in Europe. The Fund targets market neutral returns with limited volatility. The Fund aims to deliver absolute returns in any market conditions on a rolling 12 month timeframe. Please note there is no guarantee the Fund will meet this objective and you may get back less than you originally invested.
Benchmark
  • No Specified Index
Investment style
Market Neutral
Investment method
Equity
Quick stats
1 Year return
-1.6%
1 Year rank in sector
-
Sector
FO Hedge/Stru Prod - Equity
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.69%
Fund size
£380m (£451m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
20
Top in this sector
Fund name1 Year
Majedie Tortoise27.6%
MontLake ToscaMiCaUCITS26.9%
DNB ECO Abs Rt22.1%
Stratton Street Japan Syn Warrant21%
Income Partners AllSeasnAsCred19.3%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

  • Currency22.4%
    EU6.5%
    Europe-2.5%
    International-2.7%
  • Currency22.5%
    Consumer Discretionary2.9%
    Utilities1%
    Industrials0.5%
    Financials0.4%
  • International Equities86.7%
    Money Market13.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.2%-1.1%-1.6%-2.1%9%
Sector0.5%-0.3%0.3%-2.5%3.3%14.1%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund-1.4%-0%-1%7.1%4.2%
Sector-2.1%2.7%2.5%7.1%3.9%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-1.03
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.24
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
2.62
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
3.53
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.55
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.09
Price movement
52 week high116.66
52 week low113.45
Current bid price-
Current offer price-
Current mid price114.91
Region
1Currency22.4%
2EU6.46%
3Europe-2.48%
4International-2.69%
Industry sector
1Currency22.47%
2Consumer Discretionary2.87%
3Utilities0.99%
4Industrials0.53%
5Financials0.41%
6Information Technology0.13%
7Health Care-0.06%
8Telecommunications Utilities-0.24%
9Materials-0.48%
Asset type
1International Equities86.69%
2Money Market13.31%
Individual holdings
1PERNOD-RICARD1.94%
2FERROVIAL SA1.79%
3LVMH MOET HENNESSY VUITTON SE1.68%
4SCHNEIDER ELECTRIC SE1.6%
5TELECOM ITALIA SPA MILANO1.55%
6ENGIE SA1.5%
7ITV HLDG SA1.45%
8SHIRE PLC1.44%
9NOKIA CORP1.32%
Management
Fund manager group
GLG Partners
Fund manager company
GLG Partners LP
Fund type
No data available.
Fund objective
Man GLG European Alpha Alternative (the “Fund”) seeks to provide a positive absolute return for investors primarily through long and short investments in equities and equity derivatives. The Fund will invest in securities of issuers in Europe. The Fund targets market neutral returns with limited volatility. The Fund aims to deliver absolute returns in any market conditions on a rolling 12 month timeframe. Please note there is no guarantee the Fund will meet this objective and you may get back less than you originally invested.
Benchmark
  • No Specified Index
Investment style
Market Neutral
Investment method
Equity
Fund managers
NameSinceBiography
Philippe Isvy30/06/2009Philippe joined GLG in August 2003 as an Asset Manager and has more than 15 years of experience in portfolio management and investment research. Prior to joining GLG, Philippe worked at Axent Capital Ltd as a Partner and Fund Manager and spent 3 years at CDC Ixis as an Executive Director, in charge of Proprietary equity trading strategies. Philippe has also had roles with Merrill Lynch Private Banking where he was responsible for managing high net worth clients’ assets, and at CPR where he gained significant experience in European equities and derivatives. Philippe graduated from HEC Paris in 1985 with a Masters in Management. 
Pierre Valade30/06/2009Pierre joined GLG in 2008. Prior to joining GLG Pierre worked for Natixis Securities. During his 6 years at Natixis Securities, 2 years were spent as Head of UK Sales. Pierre has also had roles with Exane in New York where he focused on stock picking on US equities and Flemings in Paris working on M&A’s. He started his career at PriceWaterhouseCoopers in 1996. Pierre has a Masters in Business from EM Lyon and Bachelors of Business Management from Queensland University of Technology, Australia. He has also attained a Degree in Accountancy.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Norway, Offshore, Portugal, Sweden
Man GLG European Alpha Alternative DN EUR
Initial charge5%
Annual charge2%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.44%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price111.5
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFVM1
Man GLG European Alpha Alternative DN H GBP
Initial charge5%
Annual charge2%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.44%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price115.03
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFRV8
Man GLG European Alpha Alternative DN H USD
Initial charge5%
Annual charge2%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.44%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price113.78
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFVL9
Man GLG European Alpha Alternative IN EUR
Initial charge5%
Annual charge1.25%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price117.2
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFVM0
Man GLG European Alpha Alternative IN H GBP
Initial charge5%
Annual charge1.25%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price114.91
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIZD8
Man GLG European Alpha Alternative IN H USD
Initial charge5%
Annual charge1.25%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price120.06
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFRV7
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.